LATEST NEWS

Korea to Partially Refund Interest Paid by Small Merchant Borrowers

By Editors | 12/03/2024

Small merchants who borrowed from nonbank financial institutions with interest rates ranging from 5 to 7 percent can apply for partial refunds.

Sanctions

OFAC Targets Financial Facilitators of al-Shabaab Militant Group

By Editors | 12/03/2024

OFAC said al-Shabaab, an al-Qa’ida-affiliated terrorist group, that is “responsible for some of the worst terrorist attacks in East Africa’s modern history”.

Capital / Liquidity

Bangladesh to Force At Least 10 Weak Banks into Mergers

By Ajoy K Das | 12/03/2024

Banks are asked to choose which banks they would prefer to merge with and make preparations accordingly.

Australia Drafts Legislation to Bring BNPL Under Credit Act

By Sanday Chongo Kabange | 12/03/2024

BNPL providers will be required to obtain a credit licence, comply with requirements under the Credit Act, and make sure they are lending responsibly.

Securities / Derivatives

KRX to Implement Derivatives Market Enhancements on 22 April

By Editors | 12/03/2024

KRX will list additional stock futures and options, improve disclosure of market information, and expand futures spread trading hours.

Uncategorised

Taiwan: Securities Firms Can Entrust Foreign Securities to TDCC

By Editors | 12/03/2024

Allowing securities firms to entrust the custody of foreign securities the TDCC will give them more options without impacting investors, the FSC said.

Securities / Derivatives

SEBI Issues New Rules for Small and Medium REITs

By Ajoy K Das | 12/03/2024

SM REITs schemes may raise funds from Indian as well as foreign investors and use them to acquire and manage real estate assets.

Market Infrastructure

EU Sets Out Roadmap to Achieve Capital Markets Union

By Editors | 12/03/2024

The roadmap includes measures to harmonise stock exchange listing requirements, reduce listing costs, and make equity and bond financing more attractive.

AML / KYC

Singapore Reported to be Scrutinising Wealth from Chinese

By Editors | 12/03/2024

Family office applications with Chinese-affiliated wealth have been denied and applicants are facing tough questions.